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Non-Tech : Money Managers after the Perfect Storm
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To: Tom D who wrote (1)2/24/2002 9:16:33 PM
From: Wyätt Gwyön  Read Replies (1) of 46
 
are you set up in a wrap account at SSB? what is their fee as a percentage of assets if you don't mind my asking?

i think money managers could be OK for many people (especially the many, many people who don't know the first thing about investing but think they do, and are losing their retirement funds in overpriced bubble stocks). however, i do not like the idea of paying anybody a lot of money to do what i can do cheaper otherwise.

if you are paying something like 3% for a manager, that seems like a lot to me. certainly it is not a lot compared to losing 75% in CSCO's fall or whatever, but if you underperform indexes and then have high fees on top, it adds up over the years.

re: your asset allocation, are you just in US stocks with those two value firms? (Cambiar and Kayne Anderson)

i prefer value stocks over growth, but i am a bit surprised if your manager did not discuss international value options as well. also, did you consider some REITs?
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